The following are the transactions for the month of July. July 1 July 13 Beginning Inventory Purchase Units 55 Unit Cost $ 10 Unit Selling Price 275 11 July 25 July 31 Sold Ending Inventory (100) 230 $ 14 Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used. O Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. LIFO (Periodic) Beginning Inventory Units Cost per Unit Total 55 S 10 $ 550 Purchases July 13 Goods Available for Sale 275 S 11 $ 3,025 $ 330 Cost of Goods Sold Units from Beginning Inventory x 55 $ Units from July 13 Purchase 100 ** 10 $ 11 Total Cost of Goods Sold $ 1,650 Ending Inventory